
Alameda, California 94501
This Versatile Residential Income Property is a High-Potential Investment Opportunity, listed at $1,299,000—positioned above the $1,164,519 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3 with recent upgrades including new HVAC, flooring, and paint. The standout 1,400 sqft rear block unit offers significant utility for a home office or secondary dwelling. Located in Alameda’s East End near Top-Rated Schools like Alameda High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1829 Everett Street Subject 2 bd · 1 ba · 2,534 sqft · $460 | $1,299,000* List Price | 2 | 1 | 2,534 | $460 | - |
A 1223 Pease Ct Sold 0 bd · 0 ba · 2,638 sqft · $398 · 0.7 mi | $1,050,000 | 0 | 0 | 2,638 | $398 | 0.7 mi |
B 2926 2928 Fernside Blvd Sold 0 bd · 0 ba · 2,864 sqft · $454 · 0.5 mi | $1,300,000 | 0 | 0 | 2,864 | $454 | 0.5 mi |
C 1817 Everett Sold 0 bd · 0 ba · 3,019 sqft · $381 · 0.0 mi | $1,150,000 | 0 | 0 | 3,019 | $381 | 0.0 mi |
D 2138 Pacific Ave Pending 0 bd · 0 ba · 2,432 sqft · $483 · 0.5 mi | $1,175,000 List Price | 0 | 0 | 2,432 | $483 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure was built in 1900, the property has undergone significant recent renovations including a brand new HVAC system, new interior and exterior paint, and new flooring throughout. These updates, combined with the functional rear unit, make the home move-in ready and well-maintained, fitting the 5-15 year renovation window criteria.
The 1,400 sqft rear block unit with 14-foot ceilings and a 3/4 bath offers exceptional potential for a home office, creative studio, or conversion into a legal second residential unit.
The property has been significantly updated with a brand-new central air conditioning and heating system, fresh interior and exterior paint, and new flooring throughout.
Ideally situated in Alameda's desirable East End, the home is blocks away from the Park Street business district, top-performing schools, and convenient ferry transit to San Francisco.
The primary 1,134 sqft residence features only one bathroom, which may be a drawback for families or buyers expecting a higher bed-to-bath ratio at this price point.
With over 2,500 sqft of total building area on a 4,666 sqft lot, there is limited private outdoor yard space, which may impact buyers seeking traditional garden or play areas.
This vintage Craftsman home built in 1900 features entry foyer, two bedrooms, 1 bath, formal living and dining rooms with lots of natural light throughout. separate laundry room sits next to the kitchen. Finished walk-in 10 x 20 attic for extra storage convenience. Installing now New Central air conditioning and heating system. Recently installed new flooring throughout the home. New interior and exterior paint. Front Residential home measures 1,134 square feet, plus additional 200 square feet of estimated attic space. Rear Block unit is 1,400 square feet with estimated 14 feet ceilings and a ¾ bath built in 1970. Per Assessor total square feet is 2,534. You may be able to make this rear warehouse your remote work/office, hobbies, data center, repository or make it a second residential unit. Located in Alameda's East End, home is few blocks from a myriad of dining options in the Park Street business district, multiple grocery stores and just blocks from everything that makes Alameda so appealing: just moments from top performing schools, parks, restaurants, cafes, buses, and ferries. Take a short stroll to the Alameda Point Shoreline for epic views of the Bay and San Francisco.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 2,534 | 2,216.75 |
| Lot Size | 4,666 | 5,603.417 |
| Price | $1.30M | $1.07M |
| Price per sq ft | $513 | $502 |
| Built year | 1900 | 1919 |
| HOA | $0 | $0 |
| Days on market | 8 | 69 |
Oct 16, 2026
$1,299,000
Initial Listing
May 17, 1996
$288,000
Public Record